Together Energy gaining ground on major energy suppliers
Challenger brand Together Energy is shaking up the dominance of the “big six” energy suppliers, according to Compare the Market.
The price comparison site’s monthly energy snapshot found that Together Energy had made it on to the list of suppliers gaining the most customers from switchers in May.
The other firms on Compare the Market’s list of those gaining the most customers were E.ON, British Gas, EDF Energy, and Scottish Power – all big six stalwarts.
Together Energy’s Green Together Fixed May 21 tariff was third on the list of the most popular tariffs, with 8.74% of switchers choosing the deal.
The most popular tariff for households to switch to was E.ON’s Fixed Online Exclusive V36, attracting 22.35% of switchers. This was followed by British Gas’ Energy and Boiler Cover May 2021, with 16.26% of people changing tariffs moving to this deal.
According to Compare the Market, the most cost-effective tariff to switch in May was EDF Energy’s Simply Online 1 Year Fix June 21 V3. Moving to this tariff would save the average household £473.
Peter Earl, head of energy at Compare The Market, says: “The combination of high savings and green credentials of the ‘Green Together Fixed May21’ tariff helped secure the supplier nearly 9% of switches through our website, and those that switched to it had an average saving of £373.42 – showing that going green doesn’t need to cost the earth.
“E.ON, which is committed to renewable electricity across all its tariffs, remains at the top of the table taking over a quarter (28%) of all switches. The five most popular tariffs on our site provided an average saving of £328.73 – proving that when it comes to saving money on your energy bills, it pays to switch regularly.”
Together Energy launched in autumn 2016 and now has more than 60,000 customers. It initially only supplied customers in Scotland, but expanded to England and Wales in spring 2017.